SMC Custom Installs Limited 30/04/2025 iXBRL

Company registration number: 13701066

SMC CUSTOM INSTALLS LIMITED

UNAUDITED FILLETED FINANCIAL STATEMENTS

30 April 2025

SMC CUSTOM INSTALLS LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

SMC CUSTOM INSTALLS LIMITED

DIRECTORS AND OTHER INFORMATION


	Directors	Mr D E Lewis
		Mr P J Brown


	Secretary	Mr G J Lewis


	Company number	13701066


	Registered office	2 Henry Close
		Battlefield Enterprise Park
		Shrewbury
		Shropshire
		SY1 3TJ


	Business address	2 Henry Close
		Battlefield Enterprise Park
		Shrewsbury
		Shropshire
		SY1 3TJ


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB

SMC CUSTOM INSTALLS LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SMC CUSTOM INSTALLS LIMITED

YEAR ENDED 30TH APRIL 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SMC Custom Installs Limited for the year ended 30 April 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of SMC Custom Installs Limited, as a body, in accordance with the terms of our engagement letter dated 25 March 2022. Our work has been undertaken solely to prepare for your approval the financial statements of SMC Custom Installs Limited and state those matters that we have agreed to state to the board of directors of SMC Custom Installs Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SMC Custom Installs Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that SMC Custom Installs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SMC Custom Installs Limited. You consider that SMC Custom Installs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SMC Custom Installs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

16 January 2026

SMC CUSTOM INSTALLS LIMITED

STATEMENT OF FINANCIAL POSITION

30TH APRIL 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		9,889
Tangible assets	6	340,172		308,073
		_______		_______
			340,172		317,962

Current assets
Stocks		142,618		109,067
Debtors	7	38,107		35,503
Cash at bank and in hand		370,762		274,263
		_______		_______
		551,487		418,833
Creditors: amounts falling due
within one year	8	( 267,682)		( 293,271)
		_______		_______
Net current assets			283,805		125,562
			_______		_______
Total assets less current liabilities			623,977		443,524

Creditors: amounts falling due
after more than one year	9		( 42,531)		-

Provisions for liabilities			( 23,236)		( 13,988)

			_______		_______
Net assets			558,210		429,536
			_______		_______

Capital and reserves
Called up share capital			10		10
Profit and loss account			558,200		429,526
			_______		_______
Shareholders funds			558,210		429,536
			_______		_______

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 16 January 2026 , and are signed on behalf of the board by:

Mr D E Lewis Mr P J Brown

Director Director

Company registration number: 13701066

SMC CUSTOM INSTALLS LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 30TH APRIL 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 May 2023	10	219,536	219,546

Profit for the year		285,890	285,890
	_______	_______	_______
Total comprehensive income for the year	-	285,890	285,890

Dividends paid and payable		( 75,900)	( 75,900)
	_______	_______	_______
Total investments by and distributions to owners	-	( 75,900)	( 75,900)

	_______	_______	_______
At 30 April 2024 and 1 May 2024	10	429,528	429,538

Profit for the year		249,172	249,172
	_______	_______	_______
Total comprehensive income for the year	-	249,172	249,172

Dividends paid and payable		( 120,500)	( 120,500)
	_______	_______	_______
Total investments by and distributions to owners	-	( 120,500)	( 120,500)

	_______	_______	_______
At 30 April 2025	10	558,200	558,210
	_______	_______	_______

SMC CUSTOM INSTALLS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30TH APRIL 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 2 Henry Close, Battlefield Enterprise Park, Shrewbury, Shropshire, SY1 3TJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of any part of the United Kingdom.

Turnover

Turnover is measured at the value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	16.67 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	20 %	straight line
Motor vehicles	-	25 %	reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 May 2024 and 30 April 2025	59,339	59,339
	_______	_______
Amortisation
At 1 May 2024	49,449	49,449
Charge for the year	9,890	9,890
	_______	_______
At 30 April 2025	59,339	59,339
	_______	_______
Carrying amount
At 30 April 2025	-	-
	_______	_______
At 30 April 2024	9,890	9,890
	_______	_______

6. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 May 2024	253,968	5,911	69,499	329,378
Additions	-	4,156	62,840	66,996
Disposals	-	-	( 2,281)	( 2,281)
	_______	_______	_______	_______
At 30 April 2025	253,968	10,067	130,058	394,093
	_______	_______	_______	_______
Depreciation
At 1 May 2024	1,693	1,084	18,526	21,303
Charge for the year	5,046	1,746	26,823	33,615
Disposals	-	-	( 997)	( 997)
	_______	_______	_______	_______
At 30 April 2025	6,739	2,830	44,352	53,921
	_______	_______	_______	_______
Carrying amount
At 30 April 2025	247,229	7,237	85,706	340,172
	_______	_______	_______	_______
At 30 April 2024	252,275	4,827	50,973	308,075
	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	30,511	27,809
Other debtors	7,596	7,694
	_______	_______
	38,107	35,503
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	21,638	4,136
Trade creditors	57,630	21,780
Amounts owed to group undertakings and undertakings in which the company has a participating interest	57,706	58,216
Corporation tax	65,496	106,409
Social security and other taxes	28,637	36,787
Other creditors	36,575	65,943
	_______	_______
	267,682	293,271
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	42,531	-
	_______	_______

10. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mr D E Lewis	( 24)	-	( 24)
	Mr P J Brown	( 9,545)	-	( 9,545)
		_______	_______	_______
		( 9,569)	-	( 9,569)
		_______	_______	_______

2024
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mr D E Lewis	( 24)	-	( 24)
	Mr P J Brown	( 15,195)	5,650	( 9,545)
		_______	_______	_______
		( 15,219)	5,650	( 9,569)
		_______	_______	_______